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41-27-40
Section 41-27-40 Definitions. For the purposes of this article, the following words have the
following meanings: (1) AGENCY. The Alabama State Law Enforcement Agency. (2) MANDATORY MOTOR
VEHICLE LIABILITY INSURANCE LAW. Chapter 7A of Title 32. (3) MOTOR VEHICLE INCIDENT. An incident
involving the driver of a motor vehicle when a traffic citation was issued by a law enforcement
officer or the driver of a motor vehicle was involved in an accident and an accident report
was filed. (Act 2016-361, §1.)...
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27-25-4
Section 27-25-4 Title insurance agent; appointment; issuance of policies. (a) No person shall
act as a title insurance agent in this state unless licensed pursuant to this chapter. Nothing
herein contained shall be construed to prevent a title insurer licensed to do business in
this state, nor an employee thereof, from issuing a policy of title insurance in this state.
(b) Each title insurance agent acting on behalf of a title insurance company shall be appointed
by the title insurance company in accordance with this chapter. The commissioner shall collect
from the title insurer the fees set forth in Section 27-25-4.7 for each appointment. Nothing
herein contained shall be construed to require the issuance of an appointment as described
in this subsection to a title insurer licensed to do business in this state, nor an employee
thereof, for the purpose of issuing a policy of title insurance in this state. (c) Unless
a later date is specifically authorized by the title insurer for a...
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27-19-1
Section 27-19-1 Applicability of article. Nothing in this article shall apply to or affect:
(1) Any policy of liability or workmen's compensation insurance, with or without supplementary
expense coverage therein; (2) Any group or blanket policy; (3) Life insurance, endowment,
or annuity contracts, or contracts supplemental thereto which contain only such provisions
relating to disability insurance as: a. Provide additional benefits in case of death or dismemberment
or loss of sight by accident; or b. Operate to safeguard such contracts against lapse or to
give a special surrender value, or special benefit or an annuity in the event that the insured
or annuitant becomes totally and permanently disabled, as defined by the contract or supplemental
contract; (4) Reinsurance; or (5) Industrial insurance, which is disability insurance issued
under policies sold on a debit basis, bearing the words "industrial policy" imprinted
on the face of the policy as part of the descriptive matter, and...
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27-10-35
Section 27-10-35 Report of, and tax on, independently procured coverages; exceptions. (a) Anyone
who may desire to place his insurance in a foreign insurer not authorized to do business in
this state may place such insurance, and any insured who in this state procures, or causes
to be procured, or continues or renews insurance in an unauthorized foreign insurer or any
self-insurer who in this state so procures or continues excess loss, catastrophe, or other
insurance, upon a subject of insurance resident, located or to be performed within this state,
other than insurance procured through a surplus line broker pursuant to the surplus lines
law of this state or exempted from such law under Section 27-10-34 shall, within 90 days after
the date such insurance was so procured, continued, or renewed, file a written report of the
same with the commissioner on forms designated by the commissioner and furnished to such an
insured upon request. The report shall show the name and address of the...
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27-19-52.1
Section 27-19-52.1 Applicability of article. (a) Except as otherwise specifically provided,
this article shall apply to both of the following: (1) All Medicare supplement policies delivered
or issued for delivery in this state on or after August 1, 2000. (2) All certificates issued
under group Medicare supplement policies, which certificates have been delivered or issued
for delivery in this state. (b) This article shall not apply to a policy of one or more employers
or labor organizations, or of the trustees of a fund established by one or more employees
or labor organizations, or combination thereof, for employees or former employees or a combination
thereof, or for members or former members, or a combination thereof, of the labor organizations.
(c) Except as otherwise specifically provided in subsection (d) of Section 27-19-56, this
article is not intended to prohibit or apply to insurance policies or health care benefit
plans, including group conversion policies, provided to...
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27-43-11
Section 27-43-11 Premium rates. (a) No policy of legal expense insurance may be issued in this
state unless the premium rates for the insurance have been filed with and approved by the
commissioner. (b) Premium rates must be established and justified in accordance with generally
accepted insurance principles, including, but not limited to, the experience or judgment of
the insurer making the rate filing or actuarial computations. (c) The commissioner may disapprove
rates that are excessive, inadequate, or unfairly discriminatory. Rates are not unfairly discriminatory
because they are averaged broadly among persons insured under group, blanket, or franchise
policies. (d) The commissioner may require the submission of whatever relevant information
is deemed necessary in determining whether to approve or disapprove a filing made under this
section or Section 27-43-10. (Acts 1981, No. 81-719, p. 1214, §1.)...
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32-7B-2
Section 32-7B-2 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings respectively ascribed to them in this section, except in those instances
where the context clearly indicates a different meaning: (1) ADVISORY COUNCIL. A group of
13 voting members consisting of: Two representatives of the Department of Revenue, a representative
of the Department of Public Safety, and a representative of the Department of Insurance as
well as three insurance company representatives appointed by the Commissioner of Insurance,
a representative of the American Insurance Association, a representative of the National Association
of Mutual Insurance Companies, a representative of the Property and Casualty Insurers Association
of America, a representative of the Alabama Independent Agents Association, a representative
of the Alabama Probate Judges Association appointed by the president of the association, and
a representative of the Alabama Association of Tax...
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27-31-25
Section 27-31-25 Nonassessable policies. (a) If a reciprocal insurer has a surplus of assets
over all liabilities at least equal to the minimum capital stock required of a domestic stock
insurer authorized to transact like kinds of insurance, upon application of the attorney and
as approved by the subscribers' advisory committee, the commissioner shall issue his certificate
authorizing the insurer to extinguish the contingent liability of subscribers under its policies
then in force in this state and to omit provisions imposing contingent liability in all policies
delivered, or issued for delivery, in this state for so long as all such surplus remains unimpaired.
(b) Upon impairment of such surplus, the commissioner shall forthwith revoke the certificate.
Such revocation shall not render subject to contingent liability any policy then in force
and for the remainder of the period for which the premium has theretofore been paid; but after
such revocation, no policy shall be issued or...
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27-36A-5
Section 27-36A-5 Computation of minimum standard. (a) Except as provided in Sections 27-36A-6,
27-36A-7 and 27-36A-14, the minimum standard for the valuation of all the policies and contracts
issued prior to May 28, 1996, shall be that provided by the laws in effect immediately prior
to May 28, 1996. (b) Except as otherwise provided in Sections 27-36A-6, 27-36A-7, and 27-36A-14,
the minimum standard for the valuation of all policies and contracts issued on or after May
28, 1996, shall be the commissioners reserve valuation method defined in Sections 27-36A-8,
27-36A-9, 27-36A-12, and 27-36A-14, three and one-half percent interest, or, in the case of
life insurance policies and contracts, other than annuity and pure endowment contracts, issued
on or after August 23, 1976, four percent interest for the policies issued prior to July 30,
1979, and five and one-half percent interest for single premium life insurance policies and
four and one-half percent interest for all other policies...
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35-8A-313
Section 35-8A-313 Insurance. (a) Commencing not later than the time of the first conveyance
of a unit to a person other than a declarant, the association shall maintain, to the extent
reasonably available: (1) Property insurance on the common elements insuring against all risks
of direct physical loss commonly insured against or, in the case of a conversion building,
against fire and extended coverage perils. The total amount of insurance after application
of any deductibles shall be not less than the greater of 80 percent of the actual cash value
of the insured property at the time the insurance is purchased or such greater percentage
of such actual cash value as may be necessary to prevent the applicability of any co-insurance
provision and at each renewal date, exclusive of land, excavations, foundations, and other
items normally excluded from property policies; and (2) Liability insurance, including medical
payments insurance, in an amount determined by the board but not less than...
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